In Friday’s trading session, Wall Street’s major equity averages closed mixed. Most members of the Magnificent Seven stocks climbed, with Microsoft (MSFT) rising over +3% and Amazon.com (AMZN) gaining more than +2%. Also, gold mining stocks advanced after gold prices climbed to a record high, with Newmont Mining (NEM) and Freeport-McMoran (FCX) rising over +2%. In addition, Fortinet (FTNT) surged more than +5% and was the top percentage gainer on the Nasdaq 100 after TD Cowen upgraded the stock to Buy from ...

Zijin Gold will buy Canada's Allied Gold for about C$5.5 billion ($4.02 billion) in cash, the companies said on Monday, as the Chinese miner ramps up its global expansion against the backdrop of rec... ...

TORONTO, Jan. 26, 2026 (GLOBE NEWSWIRE) -- Allied Gold Corporation (“Allied Gold” or the “Company”) (TSX: AAUC, NYSE: AAUC) is pleased to announce that it has entered into a definitive agreement (the “Arrangement Agreement”), pursuant to which Zijin Gold International Company Limited (“Zijin Gold”), a public company listed on the Hong Kong Stock Exchange (“HKEX”), has agreed to acquire all of the issued and outstanding shares of Allied Gold (the “Transaction”) at a price of C$44 per share (the “Offer Price” ...

Core Viewpoint - Gold Resource Corporation has entered into a definitive arrangement agreement with Goldgroup Mining Inc. for a merger, where Goldgroup will acquire all outstanding shares of Gold Resource Corporation's common stock, valuing the transaction at approximately US$372 million [1][2][4]. Group 1: Transaction Details - Stockholders of Gold Resource Corporation will receive 1.4476 common shares of Goldgroup for each share of Gold Resource Corporation's common stock, adjusted to 0.3619 shares due to a four-for-one share consolidation by Goldgroup [2][3]. - The exchange ratio represents a value of US$2.25 per share of Gold Resource Corporation's common stock, reflecting a 39% premium based on the closing price on January 23, 2026 [2][4]. - The transaction will be executed through a reverse triangular merger, with Gold Resource Corporation becoming a wholly owned subsidiary of Goldgroup [3][4]. Group 2: Expected Benefits - The merger is expected to enhance production capabilities, particularly through the addition of the San Francisco Mine and Cerro Prieto Mine, which will increase gold exposure and cash generation [5][6]. - The combined company will have a diversified asset portfolio, including Gold Resource Corporation's Don David Gold Mine and Goldgroup's producing mines, which is anticipated to create a multi-mine producer [6]. - The transaction is expected to strengthen the financial position of the combined entity, providing increased financial flexibility for growth projects and exploration initiatives [6]. Group 3: Governance and Management - The transaction has been unanimously approved by the boards of directors of both companies and is expected to close in the second quarter of 2026, pending customary closing conditions [4]. - Upon completion, the board of directors of Goldgroup will include three directors from Goldgroup and two from Gold Resource Corporation, with the latter's executive management team expected to lead the combined company [4].

Core Viewpoint - Auriginal Mining Corp. has commenced diamond drilling at the Anik JV property in partnership with IAMGOLD Corporation to explore high-priority gold targets adjacent to IAMGOLD's Nelligan Gold Project [2][3]. Group 1: Project Overview - The Anik property is located 40 km southwest of Chapais, Quebec, and is accessible via paved Highway 113 N and forestry gravel roads [2]. - Historical exploration from 2014 to 2025 has included geological, geophysical, and diamond-drilling programs, focusing on the eastern continuation of the Nelligan Deformation Zone [4]. - Significant historical drill results include intersections of 2.82 g/t Au over 6.3 m and 9.76 g/t Au over 1.5 m from the Opawica West target area [4]. Group 2: Drilling Program - IAMGOLD is operating an 8-hole, 1,600 m drill program targeting gold in the north-central part of the Anik property, with drilling expected to be completed in February [5]. - The program aims to test important geophysical, geological, and structural targets identified on the property [5]. Group 3: Joint Venture Details - The Anik Project is part of an Earn-In and Joint Venture Agreement between IAMGOLD and Kintavar Exploration Inc. (now Auriginal), covering 5,374.56 hectares [6]. - IAMGOLD has exercised its option to acquire a 75% interest in the Anik project, with Auriginal retaining a 25% interest [7]. Group 4: Company Profile - Auriginal Mining Corp. is focused on copper and gold exploration in Quebec, with a diversified portfolio including the flagship Roger Project [8][9]. - The company aims to execute an aggressive exploration and acquisition strategy to attract market attention [9].

Core Viewpoint - K92 Mining Inc. forecasts a significant increase in gold equivalent production for 2026, alongside a substantial exploration budget to support ongoing exploration activities [1][4]. Production Outlook - Expected production for 2026 is between 190,000 to 225,000 ounces of gold equivalent, marking an increase from the record production of 174,134 ounces in 2025 [3][6]. - Production is anticipated to be strongest in the second half of 2026, driven by the ramp-up of ore tonnes mined and processed from new mining fronts and key expansion projects [3][4]. Cost Projections - Forecasted cash costs on a by-product credit basis are between $710 and $770 per ounce of gold, with all-in sustaining costs (AISC) projected at $1,250 to $1,350 per ounce of gold [3][6]. - On a co-product basis, cash costs are expected to be between $980 and $1,040 per ounce of gold equivalent, with AISC projected at $1,480 to $1,580 per ounce of gold equivalent [3][6]. Exploration Plans - A record exploration budget of $31 to $35 million is planned for 2026, focusing on near-mine targets and regional exploration [3][5]. - Surface exploration will target areas such as Arakompa, Maniape, and Judd North, with initial drilling planned at the Mati-Mesoan-Bona Creek vein systems [3][5]. Growth Capital - Growth capital for 2026 is forecasted to be between $100 and $108 million, including $25 to $28 million for Stage 3 Expansion and $75 to $80 million for Stage 4 Expansion and accelerated growth capital [3][6]. - As of December 31, 2025, 95% of the Stage 3 Expansion capital has been spent or committed, and the project remains on budget [5]. Key Expansion Projects - Key projects for 2026 include upgrades to the power plant, haul road, and water treatment facilities, as well as camp expansion and port upgrades [3][5]. - The Stage 4 Expansion Power Plant Upgrade is budgeted at $6 million, while the haul road upgrade is estimated at $5 million [3][5].

Core Viewpoint - Investors interested in gold may find TRX Gold Corporation an attractive option due to its significant stock price increase and the overall rise in gold prices, which have surged 87% since the start of 2025, with TRX Gold's stock rising 178% since September [1]. Group 1: Company Performance - TRX Gold has a market capitalization of $327 million and has seen its stock price increase by 12.87% to $1.14, with a 52-week range of $0.27 to $1.14 [2]. - The company reported an average gold price of $3,860 per ounce in the first quarter, leading to an increase in its adjusted EBITDA margin from 35.2% to 52.5% [4]. - TRX Gold generated record revenue of $25.1 million in the first quarter and is transitioning from a negative to a positive working capital position, aiming to fund future expansions through operational cash flow rather than equity sales [7]. Group 2: Operational Risks - TRX Gold operates primarily from a single project, the Buckreef Gold Project in Tanzania, which exposes the company to risks such as technical failures, weather events, and political issues [5][6]. - The company operates as a joint venture with the Tanzanian government, which may limit its control over certain operational decisions [6]. Group 3: Future Outlook - The capital cost for the planned plant expansion is estimated at $30 million, which the company expects to finance entirely through internally generated cash flow over the next 18 to 24 months [8]. - TRX Gold is not hedged, providing it with full exposure to rising gold prices, making it a speculative investment for those bullish on gold [9].

Core Insights - Lake Victoria Gold Ltd. has completed field data collection for geotechnical studies at the Imwelo Project, which is a significant step towards near-term production planning [1][6] - The completion of specific gravity measurements on selected drill holes supports the initial open-pit mining design at Area C [1][2] Geotechnical Studies - Two dedicated geotechnical drill holes, IMWDR016 and IMWDR019, were drilled to depths of 150m and 163m respectively, with specific gravity measurements taken from various rock types [2][6] - The resource infill and geotechnical program utilized RC pre-collars with diamond-core tails to gather comprehensive geological and geotechnical data for optimizing final pit-shell designs [3][7] Exploration and Mine Planning - The geological and structural understanding of Area C has improved significantly due to recent infill drilling and geotechnical logging, indicating the feasibility of a single continuous open pit [5][6] - Approximately 200 core samples were measured for specific gravity, which will aid in the updated mineral resource estimate and ore classification during mining [6][7] Project Development - The project is transitioning from technical studies to the development phase, aligning with the company's strategy to advance high-quality assets towards cash flow [6][14] - The Imwelo Project is fully permitted for mine construction and production, positioning it as a near-term development opportunity [14] Strategic Partnerships - The company has formed a strategic partnership with Taifa Group, which will conduct contract mining and civil works for the Imwelo project [16] - Taifa Mining, a subsidiary of Taifa Group, is noted as Tanzania's largest mining contractor with over 30 years of experience [16]

Core Viewpoint - Thor Explorations Ltd. has announced the results of its Pre-Feasibility Study (PFS) for the Douta Gold Project in Senegal, confirming it as a robust, long-life gold project with strong economics and significant potential for resource expansion [2][3]. PFS Highlights - The pre-tax NPV5% of the project is estimated at US$908 million with an IRR of 73% based on a long-term gold price of US$3,500/oz [6]. - The post-tax NPV5% is US$633 million with an IRR of 61% under the same gold price assumption [6]. - The project anticipates gold production of 411,000 ounces in the first four years at an all-in sustaining cost (AISC) of US$1,493/oz, generating a pre-tax cash flow of US$814 million [6]. - At a higher gold price of US$4,250/oz, the pre-tax NPV5% increases to US$1.43 billion with an IRR of 102% [6][8]. - The project has a low initial capital cost of US$254 million and a life of mine AISC of approximately US$1,890/oz [6]. Mineral Resource Estimate (MRE) Highlights - The updated MRE includes an Indicated Mineral Resource of 50.6 million tonnes at an average grade of 1.04 g/t Au, containing 1.7 million ounces of gold [15][32]. - An Inferred Mineral Resource of 9.3 million tonnes at an average grade of 0.92 g/t Au, containing 273,000 ounces of gold, has also been reported [15][32]. - The MRE supports a Probable Reserve of 36.6 million tonnes at an average grade of 1.03 g/t Au, containing 1.2 million ounces of gold [15][31]. Project Development and Next Steps - The project is fully funded from the company's cash reserves and project financing, with no expected shareholder dilution [12]. - The Ministry of Environment approved the Environmental and Social Impact Assessment (ESIA) in January 2026 [6][77]. - Next steps include finalizing the Mining Convention with the Government of Senegal and commencing detailed design and procurement in H1 2026 [6][79]. Production Profile - The project will have a two-phase production profile, with the Oxide Ore Phase producing approximately 413,000 ounces in the first four years and the Primary Ore Phase continuing for an additional 7.8 years [23][25]. - The average annual production during the Oxide Ore Phase is projected to be over 111,000 ounces at an AISC of US$1,469/oz [8][25]. Financial Overview - The total capital cost for the life of the mine is estimated at US$376.8 million, including initial and sustaining capital costs [80]. - The project is expected to achieve payback of the initial capital within 11 months from the start of processing [6].

Core Viewpoint - Orla Mining Ltd. has experienced significant growth in its share prices, driven by a surge in gold prices and a record-breaking production performance in the previous year [1][3]. Group 1: Stock Performance - Orla Mining's share prices increased by 25% week-on-week, reaching an all-time high [1]. - On a single trading day, the stock peaked at $18.50 before closing at $18.45, reflecting a 5.91% increase [2]. Group 2: Gold Market Context - Gold prices reached a new record high of $4,900, attracting investor interest amid geopolitical tensions and trade uncertainties [3]. - The demand for precious metals as safe assets has been bolstered by ongoing global uncertainties [3]. Group 3: Production Achievements - Orla Mining exceeded its total production target for the year, achieving 300,620 ounces against a guidance of 265,000 to 285,000 ounces [3]. - The company sold 297,013 ounces of gold during the same year [4]. - The President and CEO highlighted the company's successful execution and the strength of its diversified portfolio, particularly in Mexico and Canada [5].